For the first time since the program's launch in 2018, the number of BRS participants surpassed the number of participants in the military’s legacy retirement system.
A reduced cost-of-living adjustment, or “diet COLA,” for FERS retirees can create a much larger difference in retirement savings over time.
With the third quarter of 2023 wrapped up, TSP returns did not look quite as solid. To get a sense of what that means and what investors should consider, Federal Drive host Tom Temin got an update from certified financial planner Art Stein.
For the second month in a row, most Thrift Savings Plan funds posted negative returns in September, with the exception of the government securities investment G fund, which again posted returns of 0.35%.
Many respondents to Federal News Network’s poll said they’re also worried about the long-term negative impacts that a government shutdown poses.
Federal News Network is answering both common and specific questions on the impacts of a partial government shutdown on pay, benefits, retirement and more.
As autumn brings renewed thoughts of financial plans, Open Season for the federal health benefits plans is approaching.
New to civil service? We created this guide to provide insights and pointers to first-time feds. Be inspired by careerists and also get pointers to make the transition to your new job as smooth as possible. (Pssst: It includes health and life insurance cheat sheets too!)
The House and Senate appropriations packages are far from the only priority for Congress this fall — and many of the other to-do items have direct impacts for federal employees.
Most Thrift Savings Plan funds posted negative returns in August, with the exception of the Government securities investment G fund.
The so-called "mutual fund window" at the Thrift Savings Plan could disappear if a congressional policy becomes law. A House committee would bar funds relying on corporate environment, social or governance sensitivities.
In today's Federal Newscast: Staffing shortages are on the rise across America at the Department of Veterans Affairs. The Federal Retirement Thrift Investment Board says 89% of TSP participants are "satisfied." And the GSA says the once-troubled Login.gov platform has turned the corner.
Thomas Brandt, the chief risk officer at the Federal Retirement Thrift Investment Board, said the upcoming Association of Federal Enterprise Risk Management summit and survey will provide the latest snapshot on how agencies are doing in managing and mitigating risks.
Already showing a severe lack of investor interest, a congressional proposal to ban ESG investing could kill off the TSP mutual fund window.
The crazy weather throughout the country seems to be reflected in Congress. On recess, when it returns it will have 12 working days to workout a regular federal budget for 2024.